Issuance Of Shares to BW LPG’s Management Team

(Singapore, 3 January 2018)

Pursuant to the 2015 Long-Term Incentive Plan (LTIP 2015) for its top management, BW LPG issues shares to its Chief Executive Officer (CEO) — Martin Ackermann, Chief Financial Officer (CFO) — Elaine Ong, and Senior Vice President for Technical and Operations — Pontus Berg. The issuance of shares relates to the Company’s share performance under its shares incentive scheme for the year 2015, with deferred shares being issued at the start of 2017 and 2018 respectively. The shares issued on 2 January 2018 are priced at NOK 38.25 and make up the final issuance of shares under LTIP 2015. The LTIP 2015 has been replaced by the 2017 Long-Term Incentive Plan (LTIP 2017), details of which can be found in the following link:

Details of the number of shares issued are as follows.

Martin Ackermann

Current number of shares: 200,806
Number of shares issued on 2 Jan 2018: 805
Total number of shares post-issuance: 201,611

Elaine Ong
Current number of shares: 9,985
Number of shares issued on 2 Jan 2018: 645
Total number of shares post-issuance: 10,630

Pontus Berg
Current number of shares: 5,748
Number of shares issued on 2 Jan 2018: 747
Total number of shares post-issuance: 6,495


For further information, please contact:

Elaine Ong, CPA, CA
Chief Financial Officer
BW LPG Limited
Tel: +65 6705 5506

Zhao Yi Yen, CFA, CAIA
Head of Investor Relations and Research
BW LPG Limited
Tel: +65 6705 5514

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels. BW LPG currently owns and operates 53 Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) including two VLGC newbuildings with a total carrying capacity of 4.3 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers.

BW LPG is associated with BW Group, one of the world’s leading shipping groups. BW Group is involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deep-water production.

This information is subject to disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.